-HDFC Life in negotiations to acquire Exide Life
-Government working on the definition of cryptocurrency
-Taliban announces new Afghan government
-Karvy StockBroking CEO and CFO arrested in IndusInd Bank default case
Now lemme gives you a glimpse of the state of the market.
Daral Street could get off to a calm start this morning. The Singapore Exchange’s nifty futures traded 26 points higher at 8:20 (IST). Friday’s Asian market was mixed as investors were fascinated by US rallies and investors were looking forward to US employment data scheduled for later that day. MSCI’s widest non-Japanese Asia Pacific stock index fell 0.21 percent.
Elsewhere, 10-year Treasury yields rose 1 basis point to 1.29%. The dollar fell to its lowest level in almost a month, compared to Friday’s major rivals. This precedes an important US employment report that could drive the Federal Reserve Board to an early tapering of stimulus. Friday’s oil prices fell after recording a significant rise overnight due to the weaker dollar and unexpectedly lower US oil inventories, rising slightly a week ahead of the long-awaited US monthly employment report. Headed for.
That said, this is what makes the news.
Domestic textile companies will benefit from major initiatives and structural changes such as extended central and state tax rebates until March 2024, one policy for Western apparel brands in addition to China, and a ban on Chinese cotton. Expected to receive. We. According to industry reports, India’s garment exports are one-tenth that of China and one-fourth of Bangladesh and Vietnam’s, despite accounting for 28% of the world’s cotton production. This could change in India’s favor over the next few years.
HDFC Life Insurance shares brought a technical breakout to discuss stock issues with preferential allocations, following a 5.8% rise on Thursday prior to the company’s board meeting on Friday. The stock, which has been around 700 rupees since December last year, has broken through a serious obstacle of 720 rupees in high-volume trading and paved the way for a profit of 12% from current levels, analysts said. HDFC Life’s board of directors will meet on Friday to consider financing plans by issuing shares or other securities through preferred allotment. Benchmark Nifty has risen 15%, while stock prices have risen 5.3% in the last six months.
The government plans to define cryptocurrencies in a new bill that also proposes to segment cryptocurrencies based on use cases, ET reported. Cryptocurrencies are treated as assets / commodities for all purposes, including taxation, and for each user (payment, investment, or utility). This is the first time cryptocurrencies have been categorized by technology used, but the government’s focus is on the end use of assets for regulatory purposes. The bill is also expected to outline the tax treatment of such assets so that they are clearly classified in the books.
Maruti Suzuki India’s share price has fallen 6% in the last six months, well below benchmark S & P BSE Sensex’s 15% return. Maruti’s sluggish show reflects margin pressure on the country’s largest passenger car (PV) maker following inflation in input costs. Analysts have cut revenue estimates by 6.7% since the beginning of the fiscal year, according to Bloomberg data. This trend is likely to continue as August sales volume slump amid a shortage of semiconductor chips. The company sold 650,000 and 130,000 units a month in the first half of FY2010.
Well, before we go, let’s take a look at some of the busiest stocks this morning …
Brookfield wants to buy Balti Realty’s luxury commercial property near Delhi Airport and Gurgaon for about $ 1 billion.After the deal, Bharti Realty’s world mark
Aerocity and Gurgaon — 1.6 million square feet of offices and retail stores
Space — Submitted under the Brookfield India Real Estate Trust.
A consortium of Indian state-owned oil companies, including ONGC and Indian Oil, is in preliminary negotiations with Rosneft to invest in Russia’s large-scale Vostok project.
HDFC Life, the nation’s largest private insurance company, is in advance consultations to acquire Exide Life in a valuable transaction.
A company of 5,000 rupees.
The Punjab National Bank (PNB) moved the Appeal Bankruptcy Court on Thursday to seek to maintain approval of Jet Airways’ revival plan, which could hinder efforts to resume operations.
It was once the largest airline in India.
United Spirits (USL) is the premium segment of the Indian alcoholic beverage market, surpassing Pernod Ricard for the first time last year.
Also check out over 20 recommended stocks for today’s trading from top analysts on ETMarkets.com.
That’s it for now. Stay with us for all market news throughout the day. Happy investment!